Private lender credit standards
Acra Lending
15 sections · 2 documents
· newest document 2026-08-17
bank-statementasset-depletion
Private standard, not a regulation. These are private, per-lender commercial standards, not regulation. They differ by lender by design and are revised without notice, often at the same web address. A program shown here is what the cited document said on the date given; it is not confirmation the lender still offers it.
Source documents
| Document | Document date | Verified unchanged |
|---|
| acralending.com-acra-ws-ratematrix-platinum-noo-summary.pdf | 2026-08-17 inferred | — |
| acralending.com-acra-ws-ratematrix-platinum-np-summary.pdf | 2026-08-17 inferred | — |
“Inferred” means the document printed a date but did not label it as an effective or
revision date. It is the latest plausible date on the page, not a stated one.
Criteria tables
Loan Amount Requirements
acralending.com-acra-ws-ratematrix-platinum-noo-summary.pdf · 2026-08-17
| Loan Amount, FICO, CLTV Requirements | | | | | | | | | | | | |
|---|
| Loan Amount* | Loan Amount* | Min FICO | | | Purchase | | | | Rate & Term | | | Cash-Out1 | |
| | | | | | | | | (Refi R/T) | | | (Refi C/O) | |
| ≤ $2,000,000 | | | 730 | | | 80% | | | 80% | | | 75% | |
| | 721 | | | 80% | | | 80% | | | 65% | | |
| | | 700 | | | 80% | | | 80% | | | 55% | |
| 1 When LTV > 65% Max Cash-in-Hand: $1,000,000 for loans ≥ $1,500,000, $500,000 for loans < $1,500,000. 2When LTV ≤ 65%, unlimited cash-in-hand allowed. *Delayed financing is capped at $1.5MM | | | | | | | | | | | | | |
| Loan Amount Requirements | |
|---|
| Minimum Loan Amount: $100,000 Maximum Loan Amount: $2,000,000 | | |
| RestricƟons | |
| Loan Amount < $350,000 Max CLTV: 75.00%, Loan Amount > $1,500,000, Max CLTV: 75.00% | | |
| Loan Amount to be in $50 increments | |
Housing History
acralending.com-acra-ws-ratematrix-platinum-noo-summary.pdf · 2026-08-17
| SFR, Townhome, PUD, Warrantable Condo, Two-Units | Subject Property Requirements Eligible Property Types RestricƟons | |
|---|
| Two-Units, Warrantable Condo Max CLTV: 75.00% Rural ProperƟes, Condotels, Non-Warrantable Condos ineligible | | |
| SD, U.S. Terrs. | Subject Property LocaƟon Requirements Ineligible State: Non-Owner Occupied RestricƟons | |
|---|
| Declining Market: -5% CLTV property/borrower full profile | | |
Prepayment Penalty Structures
acralending.com-acra-ws-ratematrix-platinum-noo-summary.pdf · 2026-08-17
| Escrow Waiver Requirements | |
|---|
| Max Loan Amount: $1.5M | | |
| RestricƟons | |
| 0x30x24 Mortgage History required, SecƟon 35 loans ineligible | | |
| Product Requirements Eligible Product Types | |
|---|
| 30 Yr Fixed, 5 Yr ARM, 30 Yr Fixed Interest-Only, 5 Yr ARM Interest-Only | | |
| ARM Requirements | |
| Index: 1 Yr CMT Caps: 2/2/6 Margin: 3.00 (FICO: 760+), 3.25 (FICO: 720-759), 3.50 (FICO: 700-719) | | |
| RestricƟons | |
| Interest-Only (5 Yr Term) Max CLTV: 75.00% | | |
No Prepay
acralending.com-acra-ws-ratematrix-platinum-noo-summary.pdf · 2026-08-17
| Escrow Waiver Requirements | |
|---|
| Max Loan Amount: $1.5M | | |
| RestricƟons | |
| 0x30x24 Mortgage History required, SecƟon 35 loans ineligible | | |
| Product Requirements Eligible Product Types | |
|---|
| 30 Yr Fixed, 5 Yr ARM, 30 Yr Fixed Interest-Only, 5 Yr ARM Interest-Only | | |
| ARM Requirements | |
| Index: 1 Yr CMT Caps: 2/2/6 Margin: 3.00 (FICO: 760+), 3.25 (FICO: 720-759), 3.50 (FICO: 700-719) | | |
| RestricƟons | |
| Interest-Only (5 Yr Term) Max CLTV: 75.00% | | |
Purchase
acralending.com-acra-ws-ratematrix-platinum-noo-summary.pdf · 2026-08-17
| Loan Amount, FICO, CLTV Requirements | | | | | | | | | | | | |
|---|
| Loan Amount* | Loan Amount* | Min FICO | | | Purchase | | | | Rate & Term | | | Cash-Out1 | |
| | | | | | | | | (Refi R/T) | | | (Refi C/O) | |
| ≤ $2,000,000 | | | 730 | | | 80% | | | 80% | | | 75% | |
| | 721 | | | 80% | | | 80% | | | 65% | | |
| | | 700 | | | 80% | | | 80% | | | 55% | |
| 1 When LTV > 65% Max Cash-in-Hand: $1,000,000 for loans ≥ $1,500,000, $500,000 for loans < $1,500,000. 2When LTV ≤ 65%, unlimited cash-in-hand allowed. *Delayed financing is capped at $1.5MM | | | | | | | | | | | | | |
| Loan Amount Requirements | |
|---|
| Minimum Loan Amount: $100,000 Maximum Loan Amount: $2,000,000 | | |
| RestricƟons | |
| Loan Amount < $350,000 Max CLTV: 75.00%, Loan Amount > $1,500,000, Max CLTV: 75.00% | | |
| Loan Amount to be in $50 increments | |
Eligible Property Types
acralending.com-acra-ws-ratematrix-platinum-noo-summary.pdf · 2026-08-17
| SFR, Townhome, PUD, Warrantable Condo, Two-Units | Subject Property Requirements Eligible Property Types RestricƟons | |
|---|
| Two-Units, Warrantable Condo Max CLTV: 75.00% Rural ProperƟes, Condotels, Non-Warrantable Condos ineligible | | |
| SD, U.S. Terrs. | Subject Property LocaƟon Requirements Ineligible State: Non-Owner Occupied RestricƟons | |
|---|
| Declining Market: -5% CLTV property/borrower full profile | | |
Borrower Credit History Requirements
acralending.com-acra-ws-ratematrix-platinum-noo-summary.pdf · 2026-08-17
| SFR, Townhome, PUD, Warrantable Condo, Two-Units | Subject Property Requirements Eligible Property Types RestricƟons | |
|---|
| Two-Units, Warrantable Condo Max CLTV: 75.00% Rural ProperƟes, Condotels, Non-Warrantable Condos ineligible | | |
| SD, U.S. Terrs. | Subject Property LocaƟon Requirements Ineligible State: Non-Owner Occupied RestricƟons | |
|---|
| Declining Market: -5% CLTV property/borrower full profile | | |
Loan Amount Requirements
acralending.com-acra-ws-ratematrix-platinum-np-summary.pdf · 2026-08-17
| Loan Amount Requirements | |
|---|
| Minimum Loan Amount: $100,000 Maximum Loan Amount: $2,000,000 | | |
| Restrictions | |
| Loan Amount < $350,000 or Loan Amount > $1,500,000, Max CLTV: 75.00% | | |
| Loan Amount to be in $50 Increments | |
Income Documentation & Debt Ratio Requirements Eligible Income Documenta on Types
acralending.com-acra-ws-ratematrix-platinum-np-summary.pdf · 2026-08-17
| Income Documentation & Debt Ratio Requirements Eligible Income Documenta on Types | |
|---|
| Full Documentation (12 or 24 Mo)2: W2 or signed 1040s for most recent one (1) or two (2) years & current pay stub reflecting year-to-date earnings. Self-employed borrowers require additional applicable supporting documentation (i.e. 1120s, K-1s, etc.). | | |
| Alternative Documentation – Bank Statements (12 or 24 Mo)2 Personal Bank Statements: 12-month or 24-month personal bank statements. Calculate qualifying income by dividing the total income by the number of bank statements. Business Bank Statements: 12-month or 24-month business statements. The minimum allowable percentage of ownership is 25% per applicant utilizing the account. | | |
| Alternative Documentation – 1099 Only (12 or 24 Mo, available for self-employed Borrowers only)2: IRS Form(s) 1099 to document prior one (1) year income; and Bank Statements for the most recent 60 days to document the current year to date, which should reflect gross deposits consistent with the 1099s. | | |
| Alternative Documentation – Asset Depletion: Divide asset amount by 60 and add the result to qualifying income. Note: funds | |
| used for asset depletion may not be used as reserves. | |
| Max CLTV: 80% Purchase & 75% Refi R/T, Refi C/O | |
| Maximum Debt-to-Income (DTI) | |
| Wholesale 43%: Correspondent 40% | | |
US Citizen, Permanent Resident / Borrower Citizenship Requirements Eligible Borrower Citizenship Types Restric
acralending.com-acra-ws-ratematrix-platinum-np-summary.pdf · 2026-08-17
| US Citizen, Permanent Resident | Borrower Citizenship Requirements Eligible Borrower Citizenship Types Restrictions | | | | | | |
|---|
| Permanent Resident must have an unexpired PRA ID and SSA card/SSA89 | | | | | | | |
| Loan Purpose Requirements | | | | | | |
| Eligible Loan Purpose Types | | | | | | |
| Purchase, Rate & Term Refinance, Cash-Out Refinance, Delayed Financing | | | | | | | |
| Restrictions | | | | | | |
| Vacant subject properties are ineligible | | | | | | | |
| | | | | | | Occupancy Requirements |
| Eligible Loan Purpose Types | | | | | | |
| Primary Residence, Second Home | | | | | | | |
| RestricƟons | | | | | | |
| Second Home & Non-Occupant Co-Borrower: Refer to Second Home Loan Amount/FICO/CLTV Matrix. | | | | | | | |
SFR, Townhome, PUD, Warrantable Condo, Two-Units / Subject Property Requirements Eligible Property Types Restr
acralending.com-acra-ws-ratematrix-platinum-np-summary.pdf · 2026-08-17
| SFR, Townhome, PUD, Warrantable Condo, Two-Units | Subject Property Requirements Eligible Property Types Restrictions |
|---|
| Two-Units, Warrantable Condo Max CLTV: 75.00% Rural Properties, Condotels, Non-Warrantable Condos ineligible | |
Decisioning Credit Score: Primary Wage Earner middle score. / Borrower Credit History Requirements Credit Scor
acralending.com-acra-ws-ratematrix-platinum-np-summary.pdf · 2026-08-17
| Decisioning Credit Score: Primary Wage Earner middle score. | Borrower Credit History Requirements Credit Score & Tradelines Requirements | | |
|---|
| Tradelines: Applicants with scores from 3 repositories are deemed to be acceptable with no tradeline overlay. 2 tradelines & 24 month history or 3 tradelines & 12 month history for applicants with 2 or fewer scores. | | |
| Housing History | | Previous Credit Events (PCEs) |
| 0x30x12 | | | 48 Mo Seasoning |
| First Time Homebuyer (FTHB) without satisfactory 12 Mo housing history limited to: Max CLTV: 70% | | | |
Escrow Waiver Requirements
acralending.com-acra-ws-ratematrix-platinum-np-summary.pdf · 2026-08-17
| Escrow Waiver Requirements | |
|---|
| Max Loan Amount: $1.5M | | |
| Restrictions | |
| 0x30x24 Mortgage History required, Sec on 35 loans ineligible | | |
Product Requirements Eligible Product Types
acralending.com-acra-ws-ratematrix-platinum-np-summary.pdf · 2026-08-17
| Product Requirements Eligible Product Types | |
|---|
| 30 Yr Fixed, 5 Yr ARM, 30 Yr Fixed Interest-Only, 5 Yr ARM Interest-Only | | |
| ARM Requirements | |
| Index: 1 Yr CMT Caps: 2/2/6 Margin: 3.00 (FICO: 760+), 3.25 (FICO: 720-759), 3.50 (FICO: 700-719) | | |
| Restrictions | |
| Interest-Only (5 Yr Term): Max CLTV: 75.00% | | |
Reserve Requirements
acralending.com-acra-ws-ratematrix-platinum-np-summary.pdf · 2026-08-17
| | Reserve Requirements | |
|---|
| 6-months Reserves required for CLTV > 75.00% | | | |
| Restrictions | | | |
| See guidelines for unacceptable source of funds | | | |
Disclosure. CF Synergies provides AEO consulting to companies in the mortgage industry. Placement in anything published here is not for sale, and no lender receives preference in what is collected or shown.